Oil & Gas

Per Second News is the leading source in Nigeria for current news and events for the energy, oil and gas industry.

Breaking news: NNPC Ltd vows to crash rising prices of domestic gas

  In a bid to relieve Nigerians of the economic burden of paying more for cooking gas and put smiles on their faces...

June 2021 NNPC Monthly Financial and Operations Report (MFOR): Company posts ₦141.96bn trading surplus 

  The Nigerian National Petroleum Company (NNPC) Ltd says it recorded a huge trading surplus of ₦141.96 billion in June 2021 against a...

Global Energy Crises: Kyari, At World Petroleum Congress, Calls For More Oil & Gas Investments

  The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mr Mele Kyari says more investments are needed in the oil...

Former DPR boss, Auwalu, busted for multi-million dollar fraud, returns huge sums of money

  Following an audit team’s report exposing fraud, bookkeeping deficiencies, and abuse of office, Engr. Sarki Auwalu, a former boss of the Department...

20 days after, oil spill ravaging Opu Nembe in Bayelsa uncurtailed

  More than 20 days after an oil spill which resulted in inferno broke out in Opu Nembe Community at the Southern field...

Monthly N250bn subsidy robs Nigeria of N3trn revenue annually from NNPC Ltd, says Finance Minister

  The Nigerian National Petroleum Company Ltd (NNPC Ltd) is incapacitated to remit about N3 trillion yearly into the Federation Account because of...

PIA will bolster Nigeria’s oil & gas industry, promote transparency,  attract capital flows — Wunti

With the operationalization of the Petroleum Industry Act (PIA), Nigeria’s oil and gas industry is set for a revolution, so says the Group...

Oil prices near $80 as US set to release 50mn barrels of oil to ease energy costs

Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of...

Africa’s top crude oil producer: Libya overtakes Nigeria

    With Libya’s oil production rising to 1.24 million bpd in October,  it appears the North Africa country has overtaken Nigeria as Africa’s...

NNPC under Kyari’s helmsmanship has been transformed, says PPRAC

  The Public Policy Research & Analysis Centre (PPRAC) has lauded the GMD/CEO of NNPC Ltd, Mallam Mele Kyari with the Zik Leadership...

Nigeria, Angola, other Oil exporting countries set to see large surpluses in 2022 as crude prices increase

  Oil exporting countries across the globe will have large surpluses in 2021 and 2022 as higher crude prices lead to more revenues...

Ikeja gas pipeline leakage: NNPC allays fears, says pipeline now isolated

The Nigerian National Petroleum Company Ltd has allayed the fears of the public about gas pipeline leakage in the early hours of Wednesday...

NNPC spokesman tells Nigerians to stop panic-buying, says there isn’t a shortage of petroleum products

  The Group general manager of the NNPC’s public affairs division, Mr. Garba Deen Muhammad Tuesday demanded Nigerians stop panic-buying fuel when they...

PIA: FG winds down DPR, PPPRA and PEF as successor-agencies take over

  …CEOs sacked, workers to be absorbed   In line with the provisions of the Petroleum Industry Act (PIA), the Department of Petroleum...

Nigeria boasts of 36bn barrels of crude oil reserves, 200 trn cubic feet of gas as NNPC commits to country’s energy sector success 

“With its strategic presence at the event, Nigeria is set to consolidate its position as one of Africa’s top oil and gas producers”...

Crude oil, gas worth $219.75m exported in May 2021, says NNPC

    The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May...